Groww raises nearly $750M in IPO as India’s retail investing boom continues

Groww, an Indian investment platform, successfully raised nearly $750 million in its initial public offering (IPO), reflecting the ongoing boom in retail investing in India. The company's shares opened at ₹112, which is 12% above the issue price, and closed at ₹128.85, giving it a market capitalization of approximately $9 billion. This significant financial milestone highlights the growing interest and participation of retail investors in the Indian market, signaling a robust trend in investment activity that could influence future economic growth.